Democratic Republic of Timor-Leste:2022 Article IV Consultation-Press Release; and Staff Report

2022 Article IV Consultation-Press Release; and Staff Report

Volume/Issue: Volume 2022 Issue 307

Publication date: September 2022

ISBN: 9798400219627

$20.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats


English

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Business and Economics - Statistics , International - Economics , government expenditure rationalization , WTI crude , Timor-Leste authorities , oil GDP , merchandise export , Oil , Debt sustainability analysis , Global

Also of interest

Nepal

Republic of Congo : 2001 Article IV

Peru

Malawi

Summary

Timor-Leste has made impressive strides in economic development and institution building. Yet, it is a low-income and fragile country with pressing development needs. A large fraction of the population faces chronic food insecurity, and significant gaps exist in health, education, and infrastructure. With active oil fields nearly depleted, little progress has been made in diversification while fiscal sustainability is at high risk. Higher food and oil prices are fueling higher inflation, exacerbated by political spending pressures ahead of the general elections in 2023.